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Ocean Reef Suites 1130 Collins Ave 36 Room Hotel Miami Beach, FL 33139 $16,000,000 ($444,444/Room)
Executive Summary
Ocean Reef Suites Boutique Hotel offers 36 spacious guest suites with impact windows and kitchenettes. With 100 feet on Collins Avenue (A1A), the two-story building also has two retail tenants including a restaurant in a prime location one block from Ocean Drive and the beach, and steps from shops, restaurants, and exciting nightlife. The hotel is independently owned and operated and can be purchased with the 42-room Lorraine Hotel located at 2601 Collins Avenue for a total of 78 keys.
Property Facts
| Price | $16,000,000 | Lot Size | 0.32 AC |
| Price Per Room | $444,444 | Building Size | 19,500 SF |
| Sale Type | Investment | No. Rooms | 36 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1949/2012 |
| Building Class | B | Corridor | Interior |
| Zoning | MXE - MXE - Mixed Use Entertainment FAR -2.0 Maximum Height - 50 Feet | ||
| Price | $16,000,000 |
| Price Per Room | $444,444 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 19,500 SF |
| No. Rooms | 36 |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2012 |
| Corridor | Interior |
| Zoning | MXE - MXE - Mixed Use Entertainment FAR -2.0 Maximum Height - 50 Feet |
Amenities
- Business Center
- Restaurant
- On-Site Retail
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 36 | $164.00 | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-3234-008-1110 | Improvements Assessment | $1,530,000 |
| Land Assessment | $5,250,000 | Total Assessment | $6,780,000 |
Property Taxes
Parcel Number
02-3234-008-1110
Land Assessment
$5,250,000
Improvements Assessment
$1,530,000
Total Assessment
$6,780,000
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Contact the Sale Advisor
Ocean Reef Suites | 1130 Collins Ave